On Wednesday, the Energy Information Administration reported US crude stockpiles rose for the first time in three weeks. (Image: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Oil edged higher on Thursday after tumbling almost 7% over the previous three sessions, ahead of an OPEC+ meeting on the weekend that’s likely to see the return of more idled supply.

Brent traded near $66 a barrel and West Texas Intermediate was above $62. On Wednesday, the Energy Information Administration reported US crude stockpiles rose for the first time in three weeks, while gasoline inventories swelled the most since June. Refinery runs also fell, likely due to maintenance.

The Organization of the Petroleum Exporting Countries and its allies are poised to agree to a output increa

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